Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 1283569051
9781283569057
145190228X
9781451902280
9781451922448
1451922442
1462342817
9781462342815
1452737088
9781452737089
9786613881502
6613881503
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| Notes: | Includes bibliographical references (page 19).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | High inflation countries experience a dramatic expansion of their financial sector and declining growth rates. This provides indirect evidence that monetary policy does indeed affect the real sector of an economy in the long run, invalidating the classical dichotomy. In stark contrast to these observations, the results obtained from standard monetary models, where the demand for money is based either on cash-in-advance constraints or money in the utility function, usually find that monetary policy has a modest role influencing the long run behavior of the economy.
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| Other form: | Print version: Chan-Lau, Jorge A. Monetary policy in a small open economy with credit goods production. [Washington, D.C.] : International Monetary Fund, Research Department, ©1998
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| Standard no.: | 10.5089/9781451902280.001
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